GIGB vs. AGG
Compare and contrast key facts about Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and iShares Core U.S. Aggregate Bond ETF (AGG).
GIGB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIGB is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index. It was launched on Jun 6, 2017. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both GIGB and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIGB or AGG.
Performance
GIGB vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, GIGB achieves a 2.09% return, which is significantly higher than AGG's 1.78% return.
GIGB
2.09%
-2.25%
3.10%
8.30%
0.44%
N/A
AGG
1.78%
-1.56%
3.14%
6.66%
-0.23%
1.46%
Key characteristics
| GIGB | AGG | |
|---|---|---|
| Sharpe Ratio | 1.45 | 1.29 |
| Sortino Ratio | 2.19 | 1.88 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 0.59 | 0.52 |
| Martin Ratio | 5.53 | 4.35 |
| Ulcer Index | 1.62% | 1.71% |
| Daily Std Dev | 6.19% | 5.79% |
| Max Drawdown | -22.25% | -18.43% |
| Current Drawdown | -8.11% | -8.52% |
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GIGB vs. AGG - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is higher than AGG's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GIGB and AGG is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
GIGB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and iShares Core U.S. Aggregate Bond ETF (AGG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GIGB vs. AGG - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.30%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.30% | 3.67% | 3.12% | 2.26% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
GIGB vs. AGG - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for GIGB and AGG. For additional features, visit the drawdowns tool.
Volatility
GIGB vs. AGG - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 1.88% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.64%. This indicates that GIGB's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.